Ant & Dec Co is a firm in the real estate industry. The firms most recent common stock dividend was $9.70 per share. The firms management feels that dividends will grow at 5% for the foreseeable future. a. If the required return is 12%, what will be the value of the common stock? b. If the firms risk as perceived by market participants suddenly decreases, causing the required return to drop to 8%, what will be the common stock value? c. Judging on the basis of your findings in parts a and b, what impact does risk have on value? Explain. not in excel please